Friday, October 19, 2012

10-05: Sprouts Farmers Market, Fresh Market, Taco Bell & Long John Silver's, MOB's



  1. MOB’s in Bakersfield, CA: 14,507 SF two medical office buildings near Bakersfield Memorial Hospital. 100% leased to long term tenants including a Fortune 500 company and highly reputed local medical group. $1.65M.
  2. Strip Center in Fairlawn, OH: 33,253 SF well maintained strip center on nearly 3 ac parcel.  Across from 770,000 SF Summit Mall anchored by Dillard’s and Macy’s and near I-77.  In affluent (AHI $97K/yr in 3 mile radius) Akron suburbs. 94% leased. NOI $531K/yr. $4.295M. 10.04% cap.
  3. Shopping Center in Rancho Bernardo, CA: 37,729 shopping center remodeled in 2006 on 3+ ac lot. Anchored by 23,786 SF Sprouts Farmers Market in prosperous (AHI $126K/yr within 3-miles) San Diego County. Near 107-beds Pomerado Regional Hospital. 100% NNN leased to Sprouts, Pacific Dental, Majestic Nails & Spa, Pet Market, Sports Clips and Tuesday Morning. NOI $1.115M/yr. $12.495M. 8.93% cap.
  4. Fresh Market in American Fork, UT: 44,844 SF Fresh Market on 4+ ac lot in fast growing middle-class South of Salt Lake City suburbs. 30 yrs absolute NNN lease with 12 yrs left. NOI $344K/yr. $4.69M. 7.35% cap.
  5. Office Building in Bolingbrook, IL: 21,000 SF well maintained office building on 1.38 ac lot at busy corridor and Hwy-53.  In growing & affluent (AHI $102K/yr in 3 mile) Chicago suburbs. 94% leased. NOI $297K/yr. $3.6M. 8.50% cap.
  6. Strip Center in Davenport, IA: 11,276 SF 1 yr old strip center on 1.56 ac lot in front of Dick’s Sporting Goods anchored center and across from Target center. Close to Trinity Medical Center and I-74. Tenants include: Aspen Dental, Chipotle, Sleep Number and The Vitamin Shop. NOI $295K/yr. $3.8M. 7.77% cap.
  7. Taco Bell & Long John Silver’s in Bradenton, FL: 2,808 SF dual-branded Taco Bell and Long John Silver’s fast food restaurant built in 2008 on 3.70 ac lot at a major artery in middle-class Tampa metro. 15 yrs NNN lease. NOI $116K/yr with 1.75% annual rent increases. $1.778M. 6.55% cap.  
© Transmercial 2012

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